Industry Background:
Enterprise resource planning is a business application, which is useful for enterprises to integrate their business functionalities to achieve high efficiency and productivity. cloud-based deployment platform has given a significant boost to the enterprise application software during the last few years. Furthermore, it focuses on the adoption of cloud-based ERP in various industry verticals such as manufacturing, healthcare, retail, government, BFSI, telecom, and others.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | IBM Corporation (United States), Oracle Corporation (United States), SAP SE (Germany), Infor (United States), Aptean (United States), Microsoft (United States), Sage Group Plc (United Kingdom), Epicor Software Corporation, Syspro (South Africa) and Unit4 (Netherlands) |
This growth is primarily driven by High demand due to Low cost, greater reliability, adoption of cloud-based services with integrated business management and Increased penetration of new technology solutions within organizations.
Globally, a noticeable market trend is evident The rapid growth in demand for cloud ERP in industries such as healthcare, retail, education, and telecom
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as IBM Corporation (United States), Oracle Corporation (United States), SAP SE (Germany), Infor (United States), Aptean (United States), Microsoft (United States), Sage Group Plc (United Kingdom), Epicor Software Corporation, Syspro (South Africa) and Unit4 (Netherlands), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. With advancements in technology like big data, predictive analytics, players in the market are focusing on offering advanced ERP solutions to compete effectively in the market. With the rise in data generated from ERP systems, big data analytics and predictive analytics are being used to simplify data extraction and data analytics, which helps in forecasting and scheduling.
Influencing Trend:
The rapid growth in demand for cloud ERP in industries such as healthcare, retail, education, and telecom and Rising on-demand access to computing services
Market Growth Drivers:
High demand due to Low cost, greater reliability, adoption of cloud-based services with integrated business management and Increased penetration of new technology solutions within organizations
Restraints:
Technological Complexities regarding Cloud-based Enterprise Resource Planning (ERP)
Opportunities:
Advancements in technology such as internet of things (IoT), big data analytics, smart wearables, artificial intelligence (AI) and The adoption of IoT increases, the data generated by IoT devices would also increase exponentially.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Cloud-based Enterprise Resource Planning (ERP) Market
- Analysis about New Entrants in Cloud-based Enterprise Resource Planning (ERP) Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Cloud-based Enterprise Resource Planning (ERP) Study Sheds Light on
The Cloud-based Enterprise Resource Planning (ERP) Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cloud-based Enterprise Resource Planning (ERP) industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cloud-based Enterprise Resource Planning (ERP) industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.